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Brooks Community Pharmacy purchased a delivery van having the following characteristics: Cost $26,900 Estimated useful life (years) 5 Residual value $3,400 Estimated miles of use

Brooks Community Pharmacy purchased a delivery van having the following characteristics:

Cost $26,900
Estimated useful life (years) 5
Residual value $3,400
Estimated miles of use during useful life 235,000
Miles of use during year 1 58,750
Miles of use during year 2 47,000

Assume the pharmacy uses the units-of-activity method of depreciation. Compute accumulated depreciation as of the end of year 2.

$4,700

$10,575

$9,400

$5,875

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